GameStop Gains as Insider Buying Momentum Keeps Traders Engaged

GameStop Corp. (GME) is up 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be continued momentum from a string of recent insider purchases, led by Ryan Cohen, which has kept bullish sentiment elevated. Support also comes from the company’s recently raised fiscal 2026 profitability outlook and an already-strong second-quarter update, while some of today’s move could be speculative.

Details:

An SEC Form 4 filed on October 1 showed Ryan Cohen bought 700,000 shares at about $24.41 each, following additional purchases disclosed for September 29 and September 21.

A Schedule 13D amendment filed on October 2 showed Cohen’s beneficial ownership position increased further, reinforcing the view that management is leaning aggressively into the stock.

GameStop’s September earnings materials showed the company posted a profitable quarter and lifted its fiscal 2026 adjusted EBITDA outlook to more than $650 million, up from a prior target above $600 million.

This could also be because traders are focusing on GameStop’s still-active strategic push around its proposed eBay acquisition and on warrant-related trading dynamics ahead of the October 30, 2026 expiration date.

Sources:

SEC, GameStop Corp., eBay Inc.

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$GME Insider Trading Activity

$GME insiders have traded $GME stock on the open market 17 times in the past 6 months. Of those trades, 10 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $GME stock by insiders over the last 6 months:

RYAN COHEN (President, CEO and Chairman) has made 5 purchases buying 3,300,680 shares for an estimated $74,417,688 and 0 sales.
LAWRENCE CHENG purchased 55,000 shares for an estimated $1,033,956
MARK HAYMOND ROBINSON (General Counsel and Secretary) has made 0 purchases and 5 sales selling 26,130 shares for an estimated $614,417.
ALAIN ATTAL has made 2 purchases buying 22,500 shares for an estimated $501,957 and 0 sales.
DANIEL WILLIAM MOORE (PFO and PAO) has made 0 purchases and 2 sales selling 14,382 shares for an estimated $335,587.
NAT TURNER purchased 10,462 shares for an estimated $254,540
JAMES GRUBE purchased 10,255 shares for an estimated $196,075

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$GME Hedge Fund Activity

We have seen 156 institutional investors add shares of $GME stock to their portfolio, and 152 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,717,637 shares (+inf%) to their portfolio in Q2 2026, for an estimated $82,085,424
DIMENSIONAL FUND ADVISORS LP added 2,988,279 shares (+76.4%) to their portfolio in Q2 2026, for an estimated $65,981,200
INVESCO LTD. removed 2,648,678 shares (-77.6%) from their portfolio in Q2 2026, for an estimated $58,482,810
MARSHALL WACE, LLP removed 1,921,876 shares (-39.8%) from their portfolio in Q2 2026, for an estimated $42,435,022
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 1,375,791 shares (+44.4%) to their portfolio in Q2 2026, for an estimated $30,377,465
POINT72 ASSET MANAGEMENT, L.P. removed 1,364,114 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $30,119,637
ALYESKA INVESTMENT GROUP, L.P. removed 1,332,966 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $29,431,889

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.